Saxon Interests Inc. Invests $179,000 in Taboola.com Ltd. (NASDAQ:TBLA)

Saxon Interests Inc. acquired a new position in Taboola.com Ltd. (NASDAQ:TBLA) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 40,418 shares of the company’s stock, valued at approximately $179,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Harbor Capital Advisors Inc. increased its stake in Taboola.com by 10.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 28,326 shares of the company’s stock worth $123,000 after buying an additional 2,726 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in Taboola.com by 8.0% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 60,701 shares of the company’s stock worth $270,000 after buying an additional 4,478 shares in the last quarter. Counterpoint Mutual Funds LLC increased its stake in Taboola.com by 35.6% in the 1st quarter. Counterpoint Mutual Funds LLC now owns 30,798 shares of the company’s stock worth $137,000 after buying an additional 8,079 shares in the last quarter. Citigroup Inc. increased its stake in Taboola.com by 8.0% in the 3rd quarter. Citigroup Inc. now owns 123,134 shares of the company’s stock worth $467,000 after buying an additional 9,138 shares in the last quarter. Finally, Checchi Capital Advisers LLC increased its stake in Taboola.com by 5.1% in the 4th quarter. Checchi Capital Advisers LLC now owns 772,533 shares of the company’s stock worth $3,345,000 after buying an additional 37,628 shares in the last quarter. 42.89% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TBLA shares. Benchmark reiterated a “buy” rating and issued a $6.00 price target on shares of Taboola.com in a research note on Monday, May 6th. Needham & Company LLC reissued a “buy” rating and set a $6.00 price objective on shares of Taboola.com in a report on Monday, May 20th. Finally, B. Riley reissued a “buy” rating and set a $5.25 price objective on shares of Taboola.com in a report on Wednesday, April 24th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $5.79.

Taboola.com Stock Up 1.2 %

Shares of NASDAQ:TBLA opened at $3.45 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14. Taboola.com Ltd. has a 12 month low of $3.04 and a 12 month high of $5.00. The company has a 50-day moving average price of $3.95 and a 200 day moving average price of $4.22. The company has a market cap of $1.00 billion, a price-to-earnings ratio of -15.00 and a beta of 1.29.

Taboola.com (NASDAQ:TBLA) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.01. The business had revenue of $414.01 million during the quarter, compared to the consensus estimate of $401.73 million. Taboola.com had a negative net margin of 5.04% and a negative return on equity of 2.64%. As a group, equities research analysts predict that Taboola.com Ltd. will post 0.03 earnings per share for the current year.

Taboola.com Company Profile

Taboola.com Ltd., together with its subsidiaries, operates an artificial intelligence-based algorithmic engine platform in Israel, the United States, the United Kingdom, Germany, and internationally. It offers Taboola, a platform that partners with websites, devices, and mobile apps to recommend editorial content and advertisements on the open web to users.